Which of the following is NOT a method of forecasting exchange rates?
a. technical methods
b. animal methods
c. economic fundamental methods
d. All of these are methods.
Answer: b. animal methods
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Refer to Figure 2-4. Consider the following events:
a. an increase in the patent protection period to 75 years b. a hurricane that destroys a substantial portion of a nation's capital stock c. the implementation of a secure and enforceable property rights system Which of the events listed above could cause a movement from W to Z? A) a, b, and c B) a only C) a and c only D) a and b only E) b and c only
All of the following are true regarding tacit collusion except which one?
A) It harms buyers. B) It is more likely when firms' costs are closely related and their products are close substitutes. C) It is more likely when barriers to entry are low. D) It is an informal, unstated agreement.
In which of the following categories would an agreement to buy or sell a certain quantity of a specified currency at a fixed price at a date 30, 60, 90, 120, or 360 days in the future be included?
a. an option b. a futures contract c. a forward contract d. a swap
Refer to the information provided in Figure 8.3 below to answer the question(s) that follow. 
Figure 8.3
Refer to Figure 8.3. The marginal cost of the eleventh basketball is
A. less than $1. B. $1. C. $2. D. greater than $2.